BI-FAST Payments
in Indonesia
Real-time 24/7 IDR payment via Bank Indonesia's instant retail payment system.
BI-FAST in Indonesia
Indonesian Rupiah · IDR
Contractor must provide bank account number at a BI-FAST participating bank.
Payment Journey
You fund in USD, stablecoin, or BTC — your contractor in Indonesia chooses how they receive it.
Fund your Bitwage Balance
USD via wire/ACH/FedNow, stablecoin (USDC/USDT), or BTC. Fund once — use for all payments.
Create a payment run
Add your Indonesia contractor(s) to a batch or individual payment. Set the amount in USD — Bitwage handles everything else.
Converts & delivers via BI-FAST
FX rate locks at approval. Bitwage converts USD → local currency and routes the payment via BI-FAST. Compliance screened automatically.
Funds arrive via BI-FAST
Settlement: < 25 seconds. Fees: 0.3–0.8%. Contractor can also choose USDC, USDT, or Bitcoin instead — they set their preference once.
How BI-FAST Works in Indonesia
Bitwage converts USD to IDR and submits a BI-FAST instruction. The contractor's account is credited in under 25 seconds.
Compliance & Security
Indonesia requires foreign income declaration with the Directorate General of Taxes (DJP). Bitwage screens all payments against OFAC and UN sanctions lists.
The IDR can be volatile. Bitwage locks the USD/IDR rate at execution time. Some Indonesian contractors prefer stablecoin payouts.
BI-FAST in Indonesia FAQ
Common questions about BI-FAST payments, settlement, fees, and requirements.
BI-FAST payments to Indonesia typically settle in < 25 seconds. Bitwage locks your FX rate lock at execution time so recipients receive exactly the amount shown in the payment preview.
Bitwage charges 0.3–0.8% for BI-FAST payments to Indonesia. There are no hidden per-transfer fees beyond the displayed rate. You can see the full cost breakdown before executing via our {{link:products/contractor-payments}} platform.
Contractor must provide bank account number at a BI-FAST participating bank. Bitwage validates all payment details before executing. For batch payments to multiple contractors, use {{link:products/masspay}} to upload a CSV with all recipient details at once.
Yes. With {{link:products/masspay}} you can include any number of Indonesia-based contractors in a single payment run, mixing BI-FAST with other local rails. All FX conversions are locked at batch payment processing execution time.
Related Resources
Start Sending BI-FAST Payments to Indonesia
Settlement in < 25 seconds. Fees from 0.3–0.8%. OFAC screened on every payment.